TRC Synergy rises 6.82% on positive technicals

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KUALA LUMPUR (July 13): TRC Synergy Bhd shares rose 6.82% at mid-morning today, following a positive technical outlook on the stock.

At 10.51am, TRC Synergy rose 3 sen to 47 sen, with 317,400 shares done.

RHB Retail Research had said TRC Synergy may rebound higher, after it continued holding above the 41 sen support level.

In a trading stocks note today, the research house said the stock's rise above the 21-day SMA line is a positive indication.

“A bullish bias may appear above the 41 sen level, with an exit set below the 41 sen threshold.

“Towards the upside, the near-term resistance is at 48 sen. This is followed by the 55 sen level,” the note said.